BlogHide Resteemsresteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: Fractal #3??SUMMARY Fractals are similar, not exact, in pattern. They are analogs of each other. I don't use fractals for the exact repeat of price moves; but mostly for direction. For Bitcoin (BTC), the…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: Waves 1,2,3 CompleteSUMMARY Bitcoin (BTC) hit the $9k target as projected in yesterday's post and that completed the wave 3 (white) of the five impulse sequence. The blue waves are the subwaves of the white wave 3…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: What Role Does Volume Play?SUMMARY Overnight, Bitcoin (BTC) has surged and put in a higher high. The below chart shows the workings of a fractal pair. Note the breakout and rise are not the exact between the two but the…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: The Seller Population is Depleting FAST!SUMMARY The MACD chart below can be seen from the perspective of the Sellers. At the beginning of the correction, they gave all they had to bring Bitcoin (BTC) down! That represents the first…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Evening Update: Short Term Shows a Bounce; Longer Term Keeps an Eye on the MACDSUMMARY Bitcoin (BTC) placed some intermittent piercings of the long term support line. Not exactly what would stand out as wicked bull wicks but nevertheless, price is bouncing. However, I…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Mid-Day Update: Weekly Degree of Trend PerspectiveSUMMARY When using the line chart for Bitcoin (BTC), the five waves down is uncanny; as shown in the below chart. The line chart has a smoothing effect which does at times skew the count to a…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Upate: The W Bottom Cycle is Still in ProgressSUMMARY Overnight Bitcoin (BTC) price action went as low as $6,557 which briefly pierced the lower long term support line. Price then came right back into the triangle pattern. I believe that…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Evening Update: Mosquito Fractals!SUMMARY No, I wasn't bored nor did I have too much time on my hands. I always wish humand never had to sleep and had 48 hours ina day! I made this cartoon based Bitcoin (BTC) fractal to emphasize…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Mid-Day Update: Both Price & MACD Moving within Contracting LinesSUMMARY Here is the 4 hr chart MACD for Bitcoin (BTC). Since December, it's been moving within two contracting lines and is getting closer to the Apex which currently sits on April 17th. A…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: Pregnant with a Triplet!SUMMARY Bitcoin (BTC) has gone lower overnight....is it time to panic? Never! Let me take you through some reason and charts as to why. The below shows the current wedge being nearly complete.…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Evening Update: Sideways Price Action Means Symmetrical TriangleSUMMARY Bitcoin's (BTC) price action today basically went sideways. Per below chart, it's either putting in the finishing touches of the white abc or another pattern needs to be assessed.…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: A Bull Flag PotentialSUMMARY So, overnight price action for Bitcoin (BTC) has broken out of the blue and the yellow wedge patterns. Thus far, the breakout counts to five waves and currently, a minor correction is…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Evening Update: A Wedge Embedded Within a WedgeSUMMARY Bitcoin (BTC) is not crashing, IMHO. The price action has not been a panic sell scenario but rather an incremental decline series befitting an ABC corrective move. The below chart shows…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Mid-Day Update: Lower Low Towards $7,638 Likely to Complete B wave of ABCSUMMARY Bitcoin (BTC) was not able to decisively breach the upper yellow line of the downward wedge which is currently representing the red B of the ABC of blue D. The yellow wedge pattern is…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: Lower Low Would be Preferred. Why?SUMMARY Overnight Bitcoin (BTC) price action put in a vertical blue wave 4 and and vertical blue wave 5. Technically, they meet the Elliott Wave requirements so for now, these waves have been…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Evening Update: The Decline has Been Controlled and Methodical in the Abscence of PanicSUMMARY Bitcoin (BTC) decline has been orderly and not panic induced. It's pattern still remains a downward wedge. The daytime price action has now put in blue waves 1,2,3 and 4 as shown in the…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Mid-Day Update: Corrective Wave B of ABC Nearing CompletionSUMMARY Thus far, Bitcoin (BTC) has put in the blue waves 1,2 and 3 with 4 and 5 still remaining. The below chart shows that price is still moving within the yellow outline of a downward wedge.…resteemedhaejin (88)in ark • 7 years agoARK & Jaws of WealthYouTube Link: ▶️ DTube ▶️ IPFSresteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Morning Update: Longer to Short TermSUMMARY This post will go longer term to short term analysis, the reverse of the usual for Bitcoin (BTC). Overnight prices have treked lower and it is reflecting on the MACD where the 12 day…resteemedhaejin (88)in bitcoin • 7 years agoBitcoin (BTC) Mid-Day Update: MACD Still at Buy Signal YouTube Link: ▶️ DTube ▶️ IPFS
